Property profile

0 Wakefield Commons Dr Raleigh, NC 27614

OFF-MARKET
Retail properties & Spaces
237,402 SF 5.45 ac lot
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Property summary

AI-generated overview

Wakefield Commons presents a unique retail development opportunity in Raleigh, North Carolina. This exceptional property, located in Wake County (zip code 27614), offers a total of 237,402 square feet of vacant space across multiple pads within an established open-air center. The site encompasses 5.45 acres of land, with individual pad sizes ranging from 1.43 to 2.52 acres. This allows for flexibility in development plans, catering to a variety of retail concepts. The property is currently entirely vacant, providing a blank canvas for a new development. Individual spaces range from a minimum of 62,291 square feet to a maximum contiguous space of 109,771 square feet, offering significant scale for larger retailers or the potential for multiple smaller tenants. The property's location in a thriving Raleigh neighborhood makes it an attractive investment for businesses seeking high visibility and accessibility. This is a prime opportunity to establish a significant retail presence in a desirable market. The property is classified as both Retail and Land, offering a versatile development opportunity. The address is Wakefield Commons, Raleigh, NC.

Property profile

Verified
Property type Retail properties & Spaces
Total area 237,402 SF
Lot 5.45 ac (237,402 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Wakefield Commons Dr Raleigh, NC 27614
Raleigh metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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